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  • Financial Notes

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    Armando Esteban Quito
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    The document lists three types of financial statements: the income statement, also known as the profit and loss account, which shows revenues and expenses over a period of time; the statement of financial position, also called the balance sheet, which shows assets, liabilities, and equity of a company at a point in time; and the cash flow statement, which shows the inflows and outflows of cash over a period of time.

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    Financial notes.docx

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    The document lists three types of financial statements: the income statement, also known as the profit and loss account, which shows revenues and expenses over a period of time; the statement of financial position, also called the balance sheet, which shows assets, liabilities, and equity of a company at a point in time; and the cash flow statement, which shows the inflows and outflows of cash over a period of time.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    17 views1 page

    Financial Notes

    Uploaded by

    Armando Esteban Quito
    The document lists three types of financial statements: the income statement, also known as the profit and loss account, which shows revenues and expenses over a period of time; the statement of financial position, also called the balance sheet, which shows assets, liabilities, and equity of a company at a point in time; and the cash flow statement, which shows the inflows and outflows of cash over a period of time.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Income statement = profit and loss account

    Statement of financial position = balance sheet

    Cash flow statement

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